Nation's Job Market Skimpy

Summary


Viewed from the perspective of the Midwest, the nation's job market appears less than robust. Last week's announcement by Ford Motor Co. that it soon will bid farewell to 30,000 jobs and 14 factories was the latest in a long series of cutbacks by manufacturers who make everything from appliances to zippers.

Taking a wider perspective, many economists say the nation is at full employment. The downfall of the industrial sector, by this view, is a natural phenomenon as companies move work to Asia to take advantage of a huge, low-cost work force.

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Extract


Nation's Job Market Skimpy

More clues about the situation arrive Friday, with the employment report for January. Economist Scott Anderson is looki...

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